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Loan Scenario: CA, $1,600,000, 720, 73% LTV, Refinance (Rate and Term)

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Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: CA, $1,600,000, 720, 73% LTV, Refinance (Rate and Term)
 

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Latest post Wed, Aug 26 2009 6:34 PM by Justin Bayle. 3 replies. Viewed 538 times.
Page 1 of 1 (4 items)

  • Fri, Aug 21 2009 3:37 PM                

    |Contact
    Loan Scenario
    View All    Post A Scenario
    Loan State: California
    Loan County: Los Angeles
    Loan Type: Refinance (Rate and Term)
    Loan Amount: $1,600,000
    Property Value: $2,200,000
    LTV: 73%
    FICO: 720
    DTI: 38
    Occupancy Type: Owner-Occupied
    Property Type: Single Family Residence

    LOOKING FOR A 10/1 ARM OR 30/30.
    Filed under:

  • Fri, Aug 21 2009 5:46 PM                 In reply to

    |Contact

    Is that the actual payoff or with fees rolled into the loan?
    Reason I ask is that I can't find any lenders over $1.5mil at that LTV due to declining market.

    Best I can do is 7/1 ARM @ 5.875% or 5/1ARM at 5.5% for $1.5 mil.

  • Sat, Aug 22 2009 10:46 PM                 In reply to

    |Contact

    Read the rules New B... Thanks.

    PREMIUM MEMBER
     Bob Van Gilder, Broker- Finance One Mortgage Ph (530) 644-5395, eFax(877)468-5395 email: financeone@juno.com CA DRE lic # 01193406
    California only please---But I can refer you to professionals throughout the nation.

  • Wed, Aug 26 2009 6:34 PM                 In reply to

    |Contact

    Your best bet might be if they can pay it down to $1.5M, then get it to SunTrust who offers both products. 

    70% to $1.5M, but only 65% over $1.5M.

    PREMIUM MEMBER
     Justin Bayle
    CS Financial, 9595 Wilshire Blvd., Ste. 801, Beverly Hills, CA 90212
    Tel: 310-777-3600 x186 Fax:424-202-3899 Email: justinbayle@gmail.com
    SERVICE. INNOVATION. COMMITMENT. Serving homeowners and investors across California.
Page 1 of 1 (4 items) | | Forum Navigator
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